“We’re dealing with a lot of countries right now and could be with China, but maybe we’ll make a special — you know, a deal — and we will see what it will be. Right now, it’s at 145 percent, that’s very high,” Trump said Wednesday, following remarks the day before when he suggested the China tariff “come down substantially.”
But Trump also gave no indication that the massive tariffs on Chinese goods would be going away anytime soon, something that is sure to keep the markets rattled.
A number of factors contributed to Trump’s decision to leave the door open to negotiating a lower rate with Beijing, including the market reaction and warnings from top business executives, sources who spoke to The Hill outlined.
The president met with CEOs of U.S. retailers, including Walmart, Target, Home Depot on Monday, which had a hand in his tone shift the next day. The negotiations are now also being led by Treasury Secretary Scott Bessent, as opposed to other administration officials.
Read the full report at TheHill.com.
